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Sep 26, 2012
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who's better equipped to deal with the deficit and debt. the more they play to the religious right on social issues, the more they risk alienating these centrist voters. >> did you disagree? >> absolutely. the latest polls show that people trust obama more now with the economy. this economy issue solely is a losing issue for romney as the economy improves, but also it fails to reck thiz people care about other things other than just the economy. >> pastor jeffers, if i may, i was making the distinction about not just the economy, but deficit and debt. so, i appreciate your desire to have your nominee really focus on playing to the base in the religious right. that is your prerogative, but you can't rewrite polls to say that's a winning strategy when it comes to reaching out. >> what i'm saying to you is that i think the hunt for these elusive independent or undecided voters out there is going to be a losing strategy. it was in 2008 for john mccain. i think it will be this time. i'm not saying he has to make these social issues the heart of
who's better equipped to deal with the deficit and debt. the more they play to the religious right on social issues, the more they risk alienating these centrist voters. >> did you disagree? >> absolutely. the latest polls show that people trust obama more now with the economy. this economy issue solely is a losing issue for romney as the economy improves, but also it fails to reck thiz people care about other things other than just the economy. >> pastor jeffers, if i may, i...
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Sep 28, 2012
09/12
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all those same polls that show president obama leading and claims to correct the bias, turning romney deficits into commanding romney leads. the idea behind is it simple. all polls base the outcome on what pollsters believe the electorate will look like, how many democrats versus how many republicans they think will actually turn out. getting that partisan makeup wrong can tilt the predictions. the people that don't believe the polls say this time, pollsters think the 2012 electorate will look a lot like 2008 and this they say is wrong. notice i said this time. back in 2004, democrats complained that the polls which showed george w. bush leading were overestimating the number of republicans who would vote. they were wrong. the polls were right. in 2000, al gore said don't believe the polls, polls showed him losing narrowly. polls were right. in fact, it's hard to find an example of the polls on average getting it wrong unless you go back to 1948, when they predicted thomas dewey defeated president harry truman. cnn political contributor ari fleischer joins us. he's an occasionally unpaid commu
all those same polls that show president obama leading and claims to correct the bias, turning romney deficits into commanding romney leads. the idea behind is it simple. all polls base the outcome on what pollsters believe the electorate will look like, how many democrats versus how many republicans they think will actually turn out. getting that partisan makeup wrong can tilt the predictions. the people that don't believe the polls say this time, pollsters think the 2012 electorate will look...
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Oct 2, 2012
10/12
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number two, to make the deficit go away and live within our means. i was not able to do it. >> sean: we have much more with governor schwarzenneger. is he supporting a candidate this election? that is coming up next. [ male announcer ] if it wasn't for a little thing called the computer, we might still be making mix tapes. find this. pause this. play this. eject this. write this. it's like the days before esurance express lane™. you had to find a bunch of documents just to get a car insurance quote. now express lane finds your driving info with just one click, saving time to be nostalgic about the days before express lane. thank you, insurance for the modern world. esurance. now backed by allstate. click or call. >> sean: we continue now with arnold schwarzenegger. he's written a new memoir. it's called "total recall: my unbelievably true life story." you talk about in your book, you go through a childhood where you grew up, where you had to walk to get water. >> milk. >> sean: milk. you didn't have a bathroom. you didn't have running water. you di
number two, to make the deficit go away and live within our means. i was not able to do it. >> sean: we have much more with governor schwarzenneger. is he supporting a candidate this election? that is coming up next. [ male announcer ] if it wasn't for a little thing called the computer, we might still be making mix tapes. find this. pause this. play this. eject this. write this. it's like the days before esurance express lane™. you had to find a bunch of documents just to get a car...
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Oct 2, 2012
10/12
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number two, to make the deficit go away and live within our means. i was not able to do it. >> sean: we have much more with governor schwarzenneger. is he supporting a candidate this election? that is coming up next. >> sean: we continue now with arnold schwarzenegger. he's written a new memoir. it's called "total recall: my unbelievably true life story." you talk about in your book, you go through a childhood where you grew up, where you had to walk to get water. >> milk. >> sean: milk. you didn't have a bathroom. you didn't have running water. you didn't have any of the bare necessities. >> right. >> sean: but you survived as a family. you talked about a tough childhood with your father. he would come home once a week intoxicated, be tough on the whole family. but here we are in a country, do you think at this time in this country, 49 million americans needing foods stamps, 1 in 6 in poverty. >> it's important we get our world economy back, and the united states gets our economy back again. as i said earlier, just alone, if you build the infrastruc
number two, to make the deficit go away and live within our means. i was not able to do it. >> sean: we have much more with governor schwarzenneger. is he supporting a candidate this election? that is coming up next. >> sean: we continue now with arnold schwarzenegger. he's written a new memoir. it's called "total recall: my unbelievably true life story." you talk about in your book, you go through a childhood where you grew up, where you had to walk to get water. >>...
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Sep 26, 2012
09/12
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wendell, how big is governor romney's lead on the deficit issue? >>guest: four points. a new poll, after four years of trillion dollar deficits, that may not be ohio voters' most important economic concern given they prefer president obama as governor romney as the candidate who does a better job on the economy. a spokesman said "as time progresses the field is looking like it is narrowing for them. in that sense we would rather be us than them." romney officials accuse the obama camp of spiking the ball on the 30-yard line. press secretary carney said the real question is, what would the replacement refs do if someone spiked the ball on the 30. >>shepard: that is an interesting point. chinese trade practices on the campaign trade today was a talker. >>guest: rather than the auto bailout which is usually the subject in ohio, mitt romney says that china's cheating costs jobs. he promised to crackdown on subsidies and currency manipulation. the president has won twice as many trade cases against china in four years, he says, as the predecessor did in eight years. today hi
wendell, how big is governor romney's lead on the deficit issue? >>guest: four points. a new poll, after four years of trillion dollar deficits, that may not be ohio voters' most important economic concern given they prefer president obama as governor romney as the candidate who does a better job on the economy. a spokesman said "as time progresses the field is looking like it is narrowing for them. in that sense we would rather be us than them." romney officials accuse the...
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is still part of what was owed deficit struggling to reduce that deficit in catalonia about forty billion euros but here they say they've made deeper and tougher cuts than anywhere else in spain this issue actually earlier this month or so about a million he thought on to the streets in barcelona as a call for independence away from madrid that comes at a very tough time for spain as a whole particularly for the government of prime minister rudd hordes as one m.p.'s dubbed it is a crisis on top of a crisis as they're facing their own problems of deficit reduction and people coming out to the streets in their tens of thousands to protest against how the government is handling austerity measures we've just seen this week protests turned violent the occupy congress movement which started peacefully aim to get a message of and just stared through to him peace and ended in violence of police pushing back the protesters were being hit by battens having a bullets fired in their direction and it's also about sixty people were injured in proceedings about thirty people. detained that's a worrying
is still part of what was owed deficit struggling to reduce that deficit in catalonia about forty billion euros but here they say they've made deeper and tougher cuts than anywhere else in spain this issue actually earlier this month or so about a million he thought on to the streets in barcelona as a call for independence away from madrid that comes at a very tough time for spain as a whole particularly for the government of prime minister rudd hordes as one m.p.'s dubbed it is a crisis on top...
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Sep 30, 2012
09/12
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so as a deficit, romney has a plan but it's a secret. the republican party has imposed a new kind of political correctness on their leaders. they cannot speak certain words, taxes, speculate about certain ideas, a path to citizenship, because these are forbidden. romney has tried to run a campaign while not running afoul of his party's strictures. as for himself he's twisted himself into a pretzel, spoken vacuously. that's a straightjacket even peggy noonan's eloquence can't get him out of this. for more on this, read my "washington post" column this week on cnn.com. >>> for eight years mahmoud ahmadinejad has come to the u.n. general assembly and every time he's caused controversy, making accusations. veiled threats. this year was different. it was mostly platitudes about world peace but he had plenty of sharp comments in a series of interviews. his conversation with me was his final one. perhaps his final one on the world stage. you see, iran's election law says he can't run again and elections are set for 2013. so i asked him about is
so as a deficit, romney has a plan but it's a secret. the republican party has imposed a new kind of political correctness on their leaders. they cannot speak certain words, taxes, speculate about certain ideas, a path to citizenship, because these are forbidden. romney has tried to run a campaign while not running afoul of his party's strictures. as for himself he's twisted himself into a pretzel, spoken vacuously. that's a straightjacket even peggy noonan's eloquence can't get him out of...
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Sep 30, 2012
09/12
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joe biden campaigned in florida where he argued the obama administration inherited a trillion dollar deficit from the bush administration >>> that the two wars on a credit card without paying a penny >>> president obama and mitt romney tucker downed cramming for next week's debate showdown both sides work hard to lower expectations by praising their opponent. romney says the president has the advantage is one of the talented political communicators in modern history obama says romney has the edge to betting about two dozen times during the republican primary >>> in the both have ample experience debating but gov. romney has more practice recently >>> she runs the annenberg center at university of pennsylvania >>> in the challenger has the opportunity to challenge she is competent to stand his own against the president a challenger who accomplishes that wins the first debate >>> jamison says hope candidates called for a big moment that candidates remember like john mccain said bonn from a plumber that question president obama >>> john mccain alluded to joe the plumber and that barack obama wo
joe biden campaigned in florida where he argued the obama administration inherited a trillion dollar deficit from the bush administration >>> that the two wars on a credit card without paying a penny >>> president obama and mitt romney tucker downed cramming for next week's debate showdown both sides work hard to lower expectations by praising their opponent. romney says the president has the advantage is one of the talented political communicators in modern history obama says...
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Oct 2, 2012
10/12
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[laughter] on the deficit it was that the deficits do not matter. biology boggles some of them, that guy in missouri, too, for that matter. what happens the morning after the election from a loses? i wonder about the morning after the morning after though. we have gone way too far to the right and we need a different republican party. we need a center-right republican party which i think the country really needs. it needs to be a check on the rate -- the left and center left and that is the only way we will get a check on these issues. >> history suggests the second term of clinton and reagan were the productive terms where they had big achievements. it's hard to know whether the republican party, where they will portion the blame if that happens. the question is how they decide to spend the next four years. i think it's very hard to tell, but there is some hope in looking back at both clinton and reagan. >> reagan was also considered a far right and it took running a far right republican party at the time by whoever the thomas friedman equivalent w
[laughter] on the deficit it was that the deficits do not matter. biology boggles some of them, that guy in missouri, too, for that matter. what happens the morning after the election from a loses? i wonder about the morning after the morning after though. we have gone way too far to the right and we need a different republican party. we need a center-right republican party which i think the country really needs. it needs to be a check on the rate -- the left and center left and that is the...
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Oct 1, 2012
10/12
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he's increased the deficit a trillion dollars a year. so let's start with the failures of this administration. mitt romney has said look, we've got to cut spending, we're broke, we've overpromised, we've overspent -- >> but sir -- >> and -- >> governor, where would he cut the spending. >> let's trust him on that. >> you cut a lot of domestic -- we've already got a plan to cut a trillion -- $1.2 trillion. half of it is balanced on defense spending in a time of war. that's a mistake. and so i think we need to cut trillions of dollars in order to get our budget balanced. and you could start with cutting two or three or 4% almost across the board some of the things that other governors have done, by i think you target it in those areas where the spending has not produced tangible results in the quality of life for the people. i can just tell you, andrea, i did it in virginia, governors like christie and scott and kasic and walker have done it in all of their states, mitt romney did it when he was governor of massachusetts, $3.5 billion defic
he's increased the deficit a trillion dollars a year. so let's start with the failures of this administration. mitt romney has said look, we've got to cut spending, we're broke, we've overpromised, we've overspent -- >> but sir -- >> and -- >> governor, where would he cut the spending. >> let's trust him on that. >> you cut a lot of domestic -- we've already got a plan to cut a trillion -- $1.2 trillion. half of it is balanced on defense spending in a time of war....
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>> we're going to do it by responsibly dealing with these deficits while leaving money to invest and those things we need to grow -- education, research and development, clean energy technology. >> those aren't sort of specific proposals. what i'm asking you is -- >> let's talk about -- >> they haven't passed. >> 100,000 new math and science teachers. we need that to move forward as a country. >> that's a total, though, right? >> educating -- training two million new workers in our community colleges in conjunction with business to fill jobs that are open right now. boosting american manufacturing by ending the tax break that sends jobs overseas and giving tax incentives to companies that start manufacturing businesses here. these are specific tangible proposals and, candy, i believe that they will pass because i believe the american people are supportive of that. >> but they haven't passed. >> it will be rendered on november 6 wrth. >> no, they haven't. >> for two years jobs -- >> some of the specific proposals haven't, but, candy, think about the logical extension of what you're sa
>> we're going to do it by responsibly dealing with these deficits while leaving money to invest and those things we need to grow -- education, research and development, clean energy technology. >> those aren't sort of specific proposals. what i'm asking you is -- >> let's talk about -- >> they haven't passed. >> 100,000 new math and science teachers. we need that to move forward as a country. >> that's a total, though, right? >> educating -- training...
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Sep 27, 2012
09/12
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you bring down the deficit. you're a republic. you're a republic. all right? so you are performing well in your state. shouldn't that be enough, your performance to make romney win the state? >> well, bill, i think it helps but, look, people, you know, endorsements are greatly overrated in politics. >> bill: no, no. you don't have tone doors. why aren't the buckeye state people saying okay, we put a republic in and he is improving the economy. why wouldn't we put another republic in on -- you see? i'm trying to logically think this. >> yeah. well, bill, i think that look, they have gotten to know me over a period of time, you know? and with mitt romney he comes in but he doesn't live here all the time. i'm here all the time. what i think he needs to do frankly he is here all the time. >> bill: he is here today. he was in ohio today. >> yeah, i think they ought to be paying income tax here, you know. but if this was not real close, they both wouldn't be here all the time. and i think what romney needs to do, the question is people wonder does he understand thei
you bring down the deficit. you're a republic. you're a republic. all right? so you are performing well in your state. shouldn't that be enough, your performance to make romney win the state? >> well, bill, i think it helps but, look, people, you know, endorsements are greatly overrated in politics. >> bill: no, no. you don't have tone doors. why aren't the buckeye state people saying okay, we put a republic in and he is improving the economy. why wouldn't we put another republic in...
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Oct 2, 2012
10/12
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issues like cutting taxes without ballooning the deficit or burdening the middle class. the romney campaign has been asked again and again for specifics. here's running mate paul ryan just yesterday on fox news. >> there's been a traditional democrat and republican consensus lowering tax rates by broadening the tax base works. and you can -- >> i have to -- you haven't given me the math. >> well, i don't have -- it would take me too long to go through all of the math. >> chris wallace kept trying but came away empty-handed. he's not the only one. take a look. >> which of the deductions are you going to be willing to eliminate? which of the tax credits are you going to -- when are you going to be able to tell us that? >> we'll go through that process with congress. >> give me an example of a loophole that you will close. >> i can tell you that people at the high end, high income taxpayers, are going to have fewer deductions and exemptions. >> mitt romney and i based on our experience think the best way to do this is to show the framework, show the outlines of these plans
issues like cutting taxes without ballooning the deficit or burdening the middle class. the romney campaign has been asked again and again for specifics. here's running mate paul ryan just yesterday on fox news. >> there's been a traditional democrat and republican consensus lowering tax rates by broadening the tax base works. and you can -- >> i have to -- you haven't given me the math. >> well, i don't have -- it would take me too long to go through all of the math. >>...
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s dubbed it is a crisis on top of a crisis as they're facing their own problems of deficit reduction and people coming out to the streets in their tens of thousands to protest against how the government is handling austerity measures we've just seen this week protests turned violent the occupy congress movement which started peacefully aim to get a message of and just barely through two am peace and ended in violence of police pushing back the protesters with being hit by battens having a bullet fired in their direction and it's also about sixty people were injured in proceedings about thirty people being detained as a worrying sign for some of these demonstrations turned more violent after as they continue. spokesperson for the european partnership point dependent says catalonia is economic stagnation stems from the fact that most of its taxes are used to save poor regions and paying. and you only find time to think this through the character don't have. a ninety five and we pay you right to. carry out your own we each week we even move far even in that package or how about. the mou
s dubbed it is a crisis on top of a crisis as they're facing their own problems of deficit reduction and people coming out to the streets in their tens of thousands to protest against how the government is handling austerity measures we've just seen this week protests turned violent the occupy congress movement which started peacefully aim to get a message of and just barely through two am peace and ended in violence of police pushing back the protesters with being hit by battens having a...
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Sep 25, 2012
09/12
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dollar deficit. it brings in 8divide million from the rich and you still have 913 billion of red ink . and you can crazy and trash the millionaires and take every red cent they earn . every millionaire will have the entire income confiscated. you trash the institution and confiscate the red cent and you bring in 839 billion. >> steve: you are way short. >> brian: we are short a trillion every year. >> you don't have a taxing problem. this is a spending problem. it is solved by reducing spend reforming entitlements over the long term. taxing the rich will make barely any difference . it is a political slogan. >> steve: right now the president wants to get reelected so he has the key to air force one. >> he thinks that if you tax the rich that brings in votes. >> steve: we are talking about increasing the taxes on the rich. what people forget about. taxes for everyone are scheduled to go up next year. >> yes, they will. >> steve: everybody is going to get whacked. >> if you made a list of all of the ta
dollar deficit. it brings in 8divide million from the rich and you still have 913 billion of red ink . and you can crazy and trash the millionaires and take every red cent they earn . every millionaire will have the entire income confiscated. you trash the institution and confiscate the red cent and you bring in 839 billion. >> steve: you are way short. >> brian: we are short a trillion every year. >> you don't have a taxing problem. this is a spending problem. it is solved by...
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Sep 29, 2012
09/12
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more jobs will slash that deficit. >>> our third story, another day, another bad set of numbers for mitt romney. there are two new polls today by the american research group and they have mitt romney trailing president obama in two more swing states. five points in new hampshire and two in virginia. although i wanted to highlight the virginia one. there had been other polls to show that gap wider. this would be a much better than expected result than some of the others we've seen. this week -- has not been kind to the republican candidate as polls have shown him falling behind the president. but he is not showing any change in confidence. >> i've got a little secret here and that is that obama campaign thinks that pennsylvania is in their pocket. they don't need to worry about it. and you're right and they're wrong. we're going to win pennsylvania. we're going to take the white house. >> he's going to have to overcome a big deficit to do it, but people do like a comeback kid. max, jen, the obama campaign press secretary. two very different problems. one, you don't want to get complacent
more jobs will slash that deficit. >>> our third story, another day, another bad set of numbers for mitt romney. there are two new polls today by the american research group and they have mitt romney trailing president obama in two more swing states. five points in new hampshire and two in virginia. although i wanted to highlight the virginia one. there had been other polls to show that gap wider. this would be a much better than expected result than some of the others we've seen. this...
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Sep 25, 2012
09/12
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so that added to the national deficit. and one other thing that we should talk about in terms of the national deficit, part of it is that we're not bringing in as much revenue as we should be bringing in to pay for all the things, the services and programs that the american people continue to desire. there's no question under this president that we've seen, you know, the most significant budget cuts also in the history of country. discretionary spending is at its lowest in 60 years. taxes are also at their lowest. but the one thing that the democrats have not done, we haven't walked away from the table. we haven't pointed fingers and said it's their fault. we're all in this together. it's time republicans roll up their sleeves and come to the table so we can fix this problem and solve our many other great challenges before the end of the year and the american people can get back to work. that's what they desire us to do. >> i think both of these presidential candidates are gearing up for their one presidential debate in oc
so that added to the national deficit. and one other thing that we should talk about in terms of the national deficit, part of it is that we're not bringing in as much revenue as we should be bringing in to pay for all the things, the services and programs that the american people continue to desire. there's no question under this president that we've seen, you know, the most significant budget cuts also in the history of country. discretionary spending is at its lowest in 60 years. taxes are...
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Oct 3, 2012
10/12
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sn as we did have one yr down to balanced crisisthworl lost kof td jobs agth avcreated, and theudget deficit went uagaithugh throof andll othos a things but that'shy i created also thscarzeneer ititute at the usc so that i can coinue on tse policies and solve problems in e future, even ough i'm out of offi. i willon an one youenece gornor, one te you were gornor. wh aice would you have for mi y in partilar,s a publrean, but also bark ama,hereside. they'rine head-to-he what'sour adce? >> i thi thankheebates, e most important thing is to real. don't want to give aice to those gu becse lk, f of all, romney and obama, both hem tvery skied all very smart and they have mbepro- >> what was yo strategy, then, in debates? >> to be as honests possible annot torop dlot of numrss and fas and statistics becse right into the screen anto commicate with the people and i concerns, sohat ey understand what needs to be done in the future and how important it is to try to do everything that you can to bring both of thpartietogether, becae no party anno ideology has really the lock on all thprlems, solving all
sn as we did have one yr down to balanced crisisthworl lost kof td jobs agth avcreated, and theudget deficit went uagaithugh throof andll othos a things but that'shy i created also thscarzeneer ititute at the usc so that i can coinue on tse policies and solve problems in e future, even ough i'm out of offi. i willon an one youenece gornor, one te you were gornor. wh aice would you have for mi y in partilar,s a publrean, but also bark ama,hereside. they'rine head-to-he what'sour adce? >> i...
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Sep 29, 2012
09/12
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CNNW
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i know we have a tough time with our deficit, with the budget, but people are so important, and every up with of these people who is safe, right now, only a 100 chance that a victim of human traffic willing be saved. when you meet that person, you meet that survivor, and survivors they, they are incredible. but you look into their eyes and you understand person to person viceraly, what they have gone through, being treated lower than an animal and see the bravery, the courage, the fort t fortitude to help others. and they are so altruistic. i was at the table with the survivors when president obama gave the shoutout. they were blown away and everybody gave him a standing ovation. a very big day for them. they influenced his speech. >> those numbers sure do not add up. thank you for taking the time to share more information about this with us and our viewers. >> thank you. >> to learn more, go to our blog, cnn.com/outfront. >>> you thought the fight over unions was over in michigan, it's kind of quiet. you are dead wrong. [ male announcer ] citi turns 200 this year. in that time there'
i know we have a tough time with our deficit, with the budget, but people are so important, and every up with of these people who is safe, right now, only a 100 chance that a victim of human traffic willing be saved. when you meet that person, you meet that survivor, and survivors they, they are incredible. but you look into their eyes and you understand person to person viceraly, what they have gone through, being treated lower than an animal and see the bravery, the courage, the fort t...
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Sep 26, 2012
09/12
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there will still be a substantial deficit but it will be much smaller. president obama's main contribution to this $16 billion debt which is -- a $1 trillion debt which is a ten-year figure, projecting out ten years, was the stimulus bill which was $800 billion, which i believe was a good thing to do. i think that that might even be even bigger without it, because it kept people working and paying taxes and off the government payrolls and because it created new jobs and infrastructure in energy. if you look at his annual spending budgets, they are about 2% increases. that's less than the rate of inflation. so i think that the reason that i believe he will win re-election is that we're beginning to recover. we've had a higher rate of job creation since the recession bottomed out, the collapse bottomed out in the middle of 2009, than in the previous eight years, and we are moving in the right direction, and the policies he has advocated are more likely to present a good economic result. that's why if people thought this was just like another recession, he
there will still be a substantial deficit but it will be much smaller. president obama's main contribution to this $16 billion debt which is -- a $1 trillion debt which is a ten-year figure, projecting out ten years, was the stimulus bill which was $800 billion, which i believe was a good thing to do. i think that that might even be even bigger without it, because it kept people working and paying taxes and off the government payrolls and because it created new jobs and infrastructure in...
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Sep 26, 2012
09/12
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and you talk about the deficit? the paul ryan budget that mr. romney says is a marvelous budget won't achieve balance until 30 years from now? romney-ryan aren't even fiscally responsible in their plans. all they want to do is to go back to the bush policies. >> let me interrupt. >> the debt just went up astro nommicly under this president. he's moving in the wrong direction. >> thank you both, ted strickland, ken blackwell, appreciate the discussion. thank you. >>> the world is focusing on iran's nuclear program, thanks in part to israel's attention to the issue. but what about israel's nukes? we investigate next. one is for a clean, wedomestic energy future that puts us in control. our abundant natural gas is already saving us money, producing cleaner electricity, putting us to work here in america and supporting wind and solar. though all energy development comes with some risk, we're committed to safely and responsibly producing natural gas. it's not a dream. america's natural gas... putting us in control of our energy future, now. and the c
and you talk about the deficit? the paul ryan budget that mr. romney says is a marvelous budget won't achieve balance until 30 years from now? romney-ryan aren't even fiscally responsible in their plans. all they want to do is to go back to the bush policies. >> let me interrupt. >> the debt just went up astro nommicly under this president. he's moving in the wrong direction. >> thank you both, ted strickland, ken blackwell, appreciate the discussion. thank you. >>>...
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what spain and greece are doing is trying to cut the budget deficit with 25% unemployment, and doing it when bond yields are too high to be able to dip into the market, especially for greece. so these countries have been forced to do this by the markets, brooke, not by politicians. their hand has been forced and now they're telling their people on streets they have got to be the ones that suffer the most. ironically, of course, the u.s. treasury have benefitted from all the european upheaval. it made it easier for the u.s. not to make the tough choices at this moment. any country trying to cut the budget deficit, it is harder to do while that country is in recession. it actually makes the recession worse, which makes it -- it has to be more cuts in order to meet the deficit targets. it is nearly impossible to see how the countries can do that. >> so you point out, you negotiation unemployment rate 25% in spain, running down more numbers, 54% of greeks under age 25 are unemployed. are major spending cuts raising retirement age here to 67, will that work for spain and greece? >> well,
what spain and greece are doing is trying to cut the budget deficit with 25% unemployment, and doing it when bond yields are too high to be able to dip into the market, especially for greece. so these countries have been forced to do this by the markets, brooke, not by politicians. their hand has been forced and now they're telling their people on streets they have got to be the ones that suffer the most. ironically, of course, the u.s. treasury have benefitted from all the european upheaval....
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oddly enough the federal deficit. ashley: it is interesting because a lot of the economic data, durable goods, we did not see a big selloff on the market at all. people not excited about stimulus in china and the budget. >> i would say those are probably shorter-term things. when people think about their investment career, they think on a longer-term and the things that will really affect that, they are not overseas, they are here. ashley: what about the fed and twqe3, is that just a short-term fix? >> all of our investors are self-directed making their own directions, bu but i'm not envisioning a scenario where we will see a drop some of your previous guests have mentioned. if we were to see that, we would have seen it with the vix. ashley: was the biggest trend you're seeing with investors right now? >> i think one of the trend is we are seeing in our world, a secular trend across industry, people keep talking about declining equity volumes and declining since 2008 but what they are missing is the derivatives volume
oddly enough the federal deficit. ashley: it is interesting because a lot of the economic data, durable goods, we did not see a big selloff on the market at all. people not excited about stimulus in china and the budget. >> i would say those are probably shorter-term things. when people think about their investment career, they think on a longer-term and the things that will really affect that, they are not overseas, they are here. ashley: what about the fed and twqe3, is that just a...
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roads in protest at the government and submitting a fresh geraghty budget to combat the fast growing deficit. and the backing of syrian rebels russia again uses the un to urge a complete ceasefire and calls on some foreign powers to stop sidestepping the world body. plus a teenager protesters killed by police involved crying as thousands of problem democracy activists keep up the pressure to resign i'll be on on monday on a minister. and up next r t discusses the rolling way of events homeric and protests without director of the conflicts forum and beirut to stay with us for that. optimism surrounding the arab spring has been replaced by worries about the arab fall as a wave of anti western protests and violence sweep across the muslim world. but for one former british spy in the recent events brings to mind unheeded lessons from the past in his thirty years of british government service alastair crook has operated in trouble spots all across the globe for helping them which i had seen.
roads in protest at the government and submitting a fresh geraghty budget to combat the fast growing deficit. and the backing of syrian rebels russia again uses the un to urge a complete ceasefire and calls on some foreign powers to stop sidestepping the world body. plus a teenager protesters killed by police involved crying as thousands of problem democracy activists keep up the pressure to resign i'll be on on monday on a minister. and up next r t discusses the rolling way of events homeric...